Real Estate Math
A Connecticut investor made a $50,000 profit on a property that they purchased for $350,000. What was the return on investment (ROI)?
A12.5%
B14.3%✓ Correct
C16.7%
D10.0%
Explanation
ROI = Profit ÷ Investment = $50,000 ÷ $350,000 = 0.1429 = 14.
Related Connecticut Real Estate Math Questions
- A Connecticut commercial building sells for $3,200,000. The broker charges 4% commission, split equally between the listing and selling offices. Each office splits with their salesperson 70/30 (70% to salesperson). What does each salesperson earn?
- A property manager collects 8% of gross monthly rent as a management fee. If gross monthly rent is $12,500, what is the monthly management fee?
- A Connecticut seller paid $285,000 for a home and sold it for $342,000. After paying a 6% commission, what was the seller's gain net of commission?
- A Connecticut property has a list price of $499,000. It sold for $484,000. What was the percentage below asking?
- A Connecticut property has an assessed value of $240,000 and the tax rate is 28.5 mills. What is the annual property tax?
- A borrower's monthly P&I payment is $1,850. Over 30 years, what is the total amount paid in principal and interest?
- A Connecticut property sells for $710,000. What is the Connecticut real estate conveyance tax owed by the seller? (Rate: 0.75% on first $800,000.)
- A sales associate receives 55% of the commission earned by their broker. The total commission on a $500,000 sale at 5% is $25,000. How much does the sales associate earn?
Practice More Connecticut Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Connecticut Quiz →